22:50:45 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
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Aether Catalyst Solutions Inc
Symbol ATHR
Shares Issued 54,282,794
Close 2024-03-14 C$ 0.095
Market Cap C$ 5,156,865
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Aether Catalyst extends project with Burnaby for year 4

2024-03-18 11:59 ET - News Release

Subject: Aether Catalyst Solutions, Inc. - News Release PDF Document

File: Attachment AETHER CATALYST SOLUTIONS Mar 7 2024 NR - City of Burnaby Extends USMEAP .pdf

EXTENSION OF URBAN SMALL MOTORS EMISSIONS ABATEMENT PROJECT FOR 2024

Burnaby, British Columbia / March 18, 2024 Aether Catalyst Solutions, Inc. ("ATHR" or the "Company") (CSE: ATHR) (FSE:2QZ) is pleased to announce the extension of the Urban Small Motors Emissions Abatement Project (USMEAP) with the City of Burnaby for year four.

The third season of field testing with the City of Burnaby wrapped up with NOx conversion remaining 100% on all units. Usage for several of the mowers was particularly high this season giving us added insights into durability. Additionally, this year we were able to demonstrate that Air Injection can enable us to offer a 3-way catalysis solution with one formulation.

For year three, the program continued with the same 6 units equipped with Aether catalysts, highlights of year three of the USMEAP are as follows:

Technical Highlights

dot 6 active mowers in the test fleet. dot All units showing 100% NOx reduction. dot All but one unit is over 200 hours, three are over 300 hours, and one is over 380 hours. dot Demonstrated that air injection enables us to offer a 3-way catalysis solution with one

formulation.

Program Highlights dot The program has been renewed for 2024. dot Current dataset has been helpful in OEM outreach. dot For the USMEAP, Aether is able to make use of the muffler housing, substituting its catalyst for existing muffler material; resulting in a plug and play solution with high performance, requiring minimal engineering, and no loss of sound dampening. dot Aether and the City of Burnaby will continue the program for the 2024 season.

Taylor Procyk, Chief Operating Officer of Aether comments, "The USMEAP continues to demonstrate the robust capability of our NOx catalyst. Aether looks forward to continuing to work with the City of Burnaby to further demonstrate the technology. The results generated so far have been very useful in discussions with OEMs regarding our emissions abatement capabilities."

ABOUT THE CITY OF BURNABY: The City of Burnaby is a vibrant city at the geographic centre of Metro Vancouver. It has an amazing natural environment, a strong cultural mosaic and thriving town centres. To meet the aggressive carbon reduction targets established by Burnaby City Council, a framework called This is Climate Action has been developed to guide how the City will put into action its commitment to be "carbon neutral" (no longer contributing to the carbon emissions that accelerate climate change) by 2050.

ABOUT AETHER:

Aether Catalyst Solutions, Inc. is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting, or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small motors emissions a significant contributor to urban air pollution.

FOR FURTHER INFORMATION PLEASE CONTACT:

Aether Catalyst Solutions, Inc. Paul Woodward President Tel: 604 690-3797 http://www.aethercatalyst.com

The Canadian Securities Exchange ("CSE") or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this management prepared news release.

Forward-Looking Information

This release may include certain statements that are deemed "forward-looking statements." All statements in this release, other than statements of historical facts, which address events or developments that Aether expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

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